Title 11, Chapter 4A, Section 503
( 11-4A-503)
Injunction or restraining order with respect to funds transfer. For proper cause and in compliance with applicable law, a court may
restrain (i) a person from issuing a payment order to initiate a
funds transfer, (ii) an originator's bank from executing the payment
order of the originator, or (iii) the beneficiary's bank from
releasing funds to the beneficiary or the beneficiary from
withdrawing the funds. A court may not otherwise restrain a person
from issuing a payment order, paying or receiving payment of a
payment order, or otherwise acting with respect to a funds transfer. |